Today's Topic: Are you an imprisoned debt wealthy property owner but actually a modern day slave in your country.
In my country, middle income and not so rich are able to afford some kind of housing over their heads, mainly in governmental build homes and condos.
However, prices has escalated in the last 15 years mainly due to global massive money printing exercise, backed by nothing but credit, inflating skyrock prices above the roof.
As prices escalated, the sizes of these newer build homes shrink, similar to hamburgers you get at stores where prices rises but the portion shrinks. Another example is the price remains the same but the size of the hamburger shrinks 50%, as good as 50% increased in prices.
One common strategy for modern day slavery deployment, where the majority dumb populous are being lead into willingly and happily to work their lives away until 65, 70 or 75 years old, half leg in the grave, is to make them believe they owned the homes they purchase and spend their whole lives paying for it, which the property has already been inflated many many times over by greed, profits, and those people in power and their cronies.
This is especially so if the homes are worth ZERO or NOTHING once the lease is over, 99 years in my country.
A lease can easily be disguised as ownership where a term is fixed. You lease it for 99 years and you lose it completely after that.
Thank you.
David Lim. 26 March 2018.
Nice informative post